FX.co ★ Indicator analysis. Daily review on EUR / USD for July 17, 2020

Trend analysis (Fig. 1).

Today, the market may continue to move downward from the level of 1.1386 (closing of yesterday's candle) with the target of 1.1345 - a 38.2% pullback level (blue dashed line). From this level, an upward rollback is possible.

Fig. 1 (daily chart).

Comprehensive analysis:

- Indicator analysis - down;

- Fibonacci levels - down;

- Volumes - down;

- Candlestick analysis - down;

- Trend analysis - down;

- Bollinger Lines - down;

- Weekly schedule - down.

General conclusion:

Today, the price may continue to move down with the target of 1.1345 - a 38.2% pullback level (blue dashed line). From this level, an upward rollback.

Another possible scenario is a continuous downward trend after moving down to 1.1345 - a 38.2% pullback level (blue dashed line) with the target of 1.1311 - a 50% pullback level (blue dashed line).